Unemployment triggers more delinquencies

Delinquencies on credit card asset-backed securities have been on the rise over the past year or so. A rise in the unemployment rate could trigger even more missed payments.
“Pool performance has deteriorated significantly over the course of the last eight months,” said CreditSights, an independent research firm, in a report that studied the performance of [...]

Issuers Lowering Credit Card Limits

March 19 (Bloomberg) — Credit card companies including HSBC, MBNA. and Capital One. are lowering borrowing limits for thousands of customers amid the current financial squeeze, the Daily Telegraph said, citing unidentified industry sources.

Target Boosts Credit Card Sales

Target (TGT) is expanding its consumer lending operations right into the teeth of a recession.

The Wall Street Journal reports the big box retailer saw outstanding credit card loans jump 29% from a year ago, even as most financial firms scale back consumer lending. By comparison, Capital One’s (COF) U.S. credit card business shrank by 2.8% [...]

Credit Card Scam - ICH Services

It was estimated that credit card fraud cost consumers an average of $500 million a year. These statistics are on the rise and have continued to rise drastically since the year 2005 according to Spam Laws.
Consumers are now being warned of yet another credit card fraud that is going around. These warning states that there [...]

Airline Credit Cards Comparison (personal)

Here you can compare some of the top credit cards with airline reward miles. If you need more than their basic attributes, please visit their application pages to learn more about them — by clicking on “Apply” you are under absolutely NO obligation to apply for the card, you can simply read all the information [...]

After Bankruptcy 5. - Don’t take shortcuts

Avoid offers from companies to repair your credit.
They claim that they do such things as “erase your bad credit,” ”create a new credit identity – legally,” or that they can “remove bankruptcies, judgments, liens, and bad loans from your credit file forever.”